Xera, a cryptocurrency exchange based in the UK, has announced that Dash will be integrated into the platform starting early next year.
We are pleased to announce that DASH will be one of the tokens to be listed on the XERA Exchange platform in Q1 2020.
Stay tuned, more listings to come!@DashCoinLocal #xeraexchange #exchange #trading #cryptocurrencies #Dash #cryptocurrency #Blockchain pic.twitter.com/kyr0yC25WQ
— XERA Exchange (@xeratech) December 18, 2019
In the announcement released this week, the exchange announced the planned integration of Dash to the platform expanding access to UK-based traders. Xera currently lists Bitcoin, Ethereum, Litecoin, and XRP, with additional “listing partners” IOTA, Dash, DigiByte, Credits, and Power Ledger. The Dash integration is slated to take place in the first quarter of 2020.
Xera joins cryptocurrency exchanges such as CEX.io in serving the UK markets.
Another positive sign for UK-based regulation prospects
The announced integration of Dash into the Xera exchange platform further solidifies its position in the UK, a position which has faced recent uncertainty. Earlier this year, several exchanges came under pressure to delist Dash because of regulatory concerns surrounding advanced privacy offered by optional PrivateSend functionality. Among these was CEX.io, a key entry point for Dash users in the UK. However, after reviewing Dash more thoroughly, including its structural similarities to Bitcoin in the domain of privacy, CEX.io has since reversed its delisting decision. The addition on the Xera platform can further lessen the project’s uncertainty in the region.
Dash’s progress in growing UK-based adoption
The Xera integration represents another key integration in the UK. Earlier this year, UK-based online office retailer MoreFrom integrated Dash through a partnership with payment processor Utrust. Last year, Dash Force member and Trust Protector Mark Mason presented on cryptocurrency before the Houses of Parliament.
This comes at a key moment when residents of the UK may have a more acute need for cryptocurrency. Two years ago Visa began a campaign to incentivize UK-based businesses to go cashless in part of a greater global movement by governments and payment processors to remove cash from use. However, a study last year indicated that the vast majority, about 95%, of UK citizens still carry cash for purchases. This progressing “war on cash” may leave a demand for an alternative, a “digital cash” cryptocurrency, to fill the void.